Summary
Honduras maintains an open stance toward cryptocurrencies, though without specific regulations. The Honduran Lempira (HNL) is supported through bank transfers on major crypto exchanges. The National Banking and Insurance Commission (CNBS) oversees financial activities but hasn’t implemented dedicated crypto regulations. For traders seeking the best crypto exchanges in Honduras, here are our top recommendations:
Best Crypto Exchanges in Honduras
Honduran cryptocurrency traders require exchanges that support local payment methods and provide reliable trading services. The Honduran Lempira (HNL) can be used through bank transfers, while international credit cards offer alternative funding options. Exchange selection criteria focus on security measures, fee structures, and cryptocurrency availability.
1. KuCoin
Users:
30m
Free Demo:
Mobile App:
Bonus
$10,500
Cryptos:
800+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Beginner friendly
- 800+ supported crypto assets
- 125x leverage and deep liquidity
- 20+ fiat currencies
- Great 24/7 customer support
Cons
- Lacks advanced features
- Not the best liquidity
- Regulatory issues in the US
- Variable spot fees
Overview
Kucoin focuses on offering the best spot trading experience. With over 800 supported cryptos on the spot market, Kucoin is one of the most versatile crypto exchanges when it comes to supported assets. You can trade popular cryptos such as Bitcoin or Ethereum but also less-known cryptos and even meme coins. If you are on the hunt for new and shiny coins that are not popular yet, Kucoin might be your best shop.
Spot fees on Kucoin are relatively average, ranging from 0.1% to 0.32% based on the liquidity of the asset. Futures trading on Kucoin starts at a maker fee of 0.02% and a taker fee of 0.06%.
Kucoin has integrated and ready-to-use crypto grid trading bots to automate your income. You can set up grid bots based on several parameters to trade for you 24/7.
2. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
3. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
300x
Spot Fees:
0.05%
Futures Fees:
0.01%/0.04%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 300x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 300x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
4. Coinbase
Users:
100m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
250+
Leverage:
5x
Spot Fees:
0.4%/0.6%
Futures Fees:
0.02%/0.05%
Pros
- Most beginner-friendly exchange
- Fully regulated and licensed
- Great customer support
- Reputable with over 100 million users
- Comprehensive fiat deposit methods
- Great wallet for on-chain access
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
Coinbase Overview
Coinbase is one of the largest and most well-known cryptocurrency exchanges for buying cryptos.The platform currently has a user community of over 100 million users worldwide. What makes Coinbase special is its user-friendly interface. The platform is designed to be easy to use, making it accessible for beginners. Coinbase offers a clean and intuitive interface for buying, selling, and managing cryptocurrencies.
Crypto traders have access to over 250 cryptos for active trading. One downside of Coinbase is the fee structure. When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee of 0.60%, which is very expensive.
Another thing about Coinbase is that it offers a wide range of crypto services. These include wallets, NFT, crypto staking, Coinbase cards, and many more to help improve the overall trading experience on the platform. One of our favorite features is the Coinbase wallet.
It is suitable for beginners but also offers advanced trading tools including real-time charts, technical indicators, and many more for advanced traders.
5. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
Is Crypto Legal and Regulated in Honduras?
Cryptocurrencies maintain a legal status in Honduras, operating without specific prohibitions. The National Banking and Insurance Commission (CNBS) serves as the primary financial regulator but hasn’t implemented dedicated cryptocurrency regulations.
The Central Bank of Honduras (BCH) issued a statement in 2022 clarifying that while cryptocurrencies aren’t legal tender, their trading isn’t prohibited. Financial institutions must apply standard anti-money laundering (AML) protocols to crypto-related transactions.
The CNBS requires financial institutions to report suspicious cryptocurrency transactions under existing financial regulations. However, individual cryptocurrency ownership and trading remain unregulated.
Is Crypto Taxable in Honduras?
Honduras applies standard income tax principles to cryptocurrency gains. The Revenue Administration Service (SAR) considers crypto profits as taxable income.
Tax rates for cryptocurrency gains follow the progressive income tax structure:
– 15% for income up to HNL 150,000
– 20% for income between HNL 150,001 and HNL 500,000
– 25% for income above HNL 500,000
Businesses conducting cryptocurrency operations must register with SAR and pay the standard 25% corporate tax rate on profits. Mining operations qualify as business activities and require proper registration.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Honduras.
How to Buy Crypto in Honduras
Honduran residents can access cryptocurrency markets through international exchanges. KuCoin provides a comprehensive platform with multiple payment options suitable for Honduran users.
- Choose a Crypto Exchange: Ensure the platform accepts Honduran payment methods and check KYC requirements.
- Complete Registration: Provide identification documents if requested.
- Fund Your Account: Add HNL using bank transfers or international credit cards.
- Select Cryptocurrency: Pick from top options like Bitcoin, Ethereum, or stablecoins.
- Place Trade: Execute your order at the current market price.
- Secure Storage: Move funds to a personal wallet for added security.
Bank transfers typically take 1-3 business days to process, while credit card purchases are instant. P2P trading options allow for direct transactions with other users in Honduras.
Best Crypto Wallets in Honduras
Honduran cryptocurrency users have several secure storage options for digital assets. Hardware wallets offer maximum protection for long-term holdings, while software wallets provide easy access for active trading.
Recommended hardware wallets:
- Ledger – Offers advanced security with support for a wide range of cryptocurrencies
- Trezor – User-friendly design with dependable security features
Software wallet options:
- Trust Wallet – Mobile wallet with DeFi support
- Exodus – Desktop wallet with a built-in exchange
- MetaMask – Key for Ethereum and DeFi access
Bottom Line
For traders seeking the best crypto exchanges in Honduras, KuCoin offers optional KYC requirements and extensive trading features. Binance provides high liquidity and multiple payment options for Honduran users. Both platforms maintain strong security measures and support various payment methods suitable for the local market.
